KFC Parent Yum Brands Halts Investment In Russia: Report

by Shivani Kumaresan, Benzinga Staff Writer
March 8, 2022 11:15 AM | 27 seconds read |
  • Yum Brands Inc YUM, the parent company of fried chicken chain KFC, is halting Russian investments, Reuters reported.
  • The report added that Yum did not say if it would seek to limit or pause current restaurant operations in Russia after the country's invasion of Ukraine.
  • The company has about 1,000 KFC and 50 Pizza Hut locations in Russia.
  • Price Action: YUM shares are trading higher by 1.83% at $115.37 on the last check Tuesday.
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